FX.co ★ Patterns GBPCHF | British Pound (GBP) to Swiss Franc (CHF) Rate in the Forex market

On the chart of GBPCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.0657; the lower boundary 1.0649; the width of the pattern 8 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.0626 level.

According to the chart of M5, GBPCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.0655 and 1.0646 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 9 pips. Outlook: If the upper border 1.0655 is broken, the price is likely to continue its move by 1.0666.

According to the chart of H1, GBPCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.0623 is likely to encourage a continuation of the downward trend.

According to the chart of M5, GBPCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.0653/1.0647 whereas the lower border goes across 1.0643/1.0647. The pattern width is measured on the chart at 10 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.0647 is broken, the price could continue its move toward 1.0662.

The Double Bottom pattern has been formed on GBPCHF M5. Characteristics: the support level 1.0635; the resistance level 1.0658; the width of the pattern 23 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 24 points.

The Triple Bottom pattern has formed on the chart of GBPCHF H1. Features of the pattern: The lower line of the pattern has coordinates 1.0663 with the upper limit 1.0663/1.0648, the projection of the width is 38 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1.0625, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on GBPCHF M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 1.0663 is broken. The further movements will rely on the width of the current pattern 38 points.

The Triple Bottom pattern has been formed on GBPCHF M15. It has the following characteristics: resistance level 1.0663/1.0635; support level 1.0625/1.0626; the width is 38 points. In the event of a breakdown of the resistance level of 1.0663, the price is likely to continue an upward movement at least to 1.0652.

According to the chart of M15, GBPCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.0670/1.0642 whereas the lower border goes across 1.0622/1.0642. The pattern width is measured on the chart at 48 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.0642 is broken, the price could continue its move toward 1.0664.

According to the chart of M5, GBPCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.0648/1.0657 whereas the upper border goes across 1.0664/1.0657. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GBPCHF will breach the upper border to head for 1.0672.